Printing Innovation Asia Issue 9 2021
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Global digital printing $35.71 billion by 2028 Increase in demand for sustainable and cost-efficient printing methods and surge in demand from the food & beverage industry drive the growth of the global digital printing market. The global digital printing industry generated $25.74 billion in 2019, and is expected to reach $35.71 billion by 2028, witnessing a CAGR of 3.7% from 2021 to 2028, according to a report by Allied Market Research.
the global digital printing market, and is expected to maintain its dominance by 2027. This is attributed to availability of next-generation advanced printing technologies along with the presence of prime vendors in the region.
An increase in demand for sustainable and cost-efficient printing methods and surge in demand from the food & beverage industry drive the growth of the global digital printing market. However, high initial investment hinders the market growth. On the other hand, rise in usage of digital dyeing and printing technology in the automotive sector creates new opportunities in the coming years.
However, Asia-Pacific is expected to witness the largest CAGR of 5.5% during the forecast period, owing to deployment of digital printing applications across textile, food & beverage, and packaging industries.
In terms of regional performance, North America contributed to the highest share in terms of revenue in 2019, holding more than one-third of
Covid-19 Scenario Due to the lockdown measures implemented by governments in various countries, manufacturing activities are hindered. In addition, supply chain disrupted and raw material shortage occurred.
The demand from application industries such as textile, ceramic, and glass decreased due to disruptions in daily operations. However, the demand would grow steadily during the postlockdown as daily operations get back on track. The inkjet segment to maintain lead position Based on type, the inkjet segment contributed to the highest share in 2019, accounting for nearly two-thirds of the global digital printing market, and is expected to maintain its lead position during the forecast period. This is attributed to advent of nextgeneration cartridge-free inkjet printers and rise in demand for high-quality output printing solutions from the household, commercial and industrial sectors.
Canon Arizona 135 GT The Arizona 135 GT UV-LED flatbed printer can handle substrates of up to 125 x 250 cm in size and up to 50.8 mm thick and to print at speeds of up to 34.2 m²/hour, with VariaDot greyscale printing technology. It has a vast range of durable applications are achievable on rigid or flexible media with standard or porous surfaces, including glass, aluminium and other metals, canvas, wood, MDF, cardstock, ceramic tiles and plastics.
